Can bitcoin be worthless? - page 17.

cabalism13

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Quote from: okala on March 22, 2019, 05:37:51 AM

the chances of bitcoin becoming zero are very few. moreover all large companies have adopted the blockchain technology that is underlined by bitcoin. I think it's almost impossible if bitcoin will become 0

Actually, the chances is ZERO. We are now on a growing economy in which technology is first for every country, so digital coins, tokens such as bitcoin will never be gone. Especially on some countries that are capable of using bitcoins everywhere..

And almost of the programmers here, are now adapting the system of blockchain. It may have a lower value but it wouldn't reach zero. I'll bet my slippers on that Tongue

pamsugas

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Quote from: okala on March 22, 2019, 05:37:51 AM

At this level I don't think bitcoin can ever go down the zero, don't get me wrong am not saying is not possible but am saying the chances of that happening is very small so bitcoin is likely to remain above zero level no matter the level of inflation in the market.

the chances of bitcoin becoming zero are very few. moreover all large companies have adopted the blockchain technology that is underlined by bitcoin. I think it's almost impossible if bitcoin will become 0

Darker45

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

Well, you answered your question first before asking it. You are quite right in saying that "there is no currency that can be considered very safe from failure and difficult times." There will always be changes in terms of our existing currencies. Their worth and usability as well as safety and efficiency will always be tested with regard to the unique circumstances of every era and age. Bitcoin is not immune to that. We used to have gold and silver and copper and other precious stones. And then we shifted to paper bills and coins. And then we started using cards. Right now we are fast shifting to cryptocurrencies or digital money. Time will come another kind of currency will arise. That's normal.

FlightyPouch

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Quote from: tarable on March 22, 2019, 07:29:38 AM

to be worthless it can certainly happen but in a long time the problem is that there are still many bitcoins who use it for income-seeking land such as trade and investment

Wow, that is so nice. You are saying that bitcoin being worthless has its certainty and you are saying that people that still keep on using Bitcoin and as a way to earn money through trades and investment are a problem. It is like that I found a guy who wants to take down Bitcoin and it's investors, be careful with this guy IRL.

jrrsparkles

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Quote from: tarable on March 22, 2019, 07:29:38 AM

to be worthless it can certainly happen but in a long time the problem is that there are still many bitcoins who use it for income-seeking land such as trade and investment

If people were still using it for trade and investment then the bubble can burst certainly at one time but hopefully the price of bitcoin keeps increasing which can satisfy the value loss in the bull runs but we need to adopt it as currency when we want the bitcoins to be stayed here for longer with value.

tarable

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to be worthless it can certainly happen but in a long time the problem is that there are still many bitcoins who use it for income-seeking land such as trade and investment

Pattart

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Quote from: okala on March 22, 2019, 05:37:51 AM

At this level I don't think bitcoin can ever go down the zero, don't get me wrong am not saying is not possible but am saying the chances of that happening is very small so bitcoin is likely to remain above zero level no matter the level of inflation in the market.

Not for decades to come. bitcoin will still spread throughout the world with new innovations about online currencies.
many people will be interested in bitcoin, the process for that will take a very long time. thats why prices will never reach $0

okala

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At this level I don't think bitcoin can ever go down the zero, don't get me wrong am not saying is not possible but am saying the chances of that happening is very small so bitcoin is likely to remain above zero level no matter the level of inflation in the market.

sidkz

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this is possible only if people stop using cryptocurrency, but at the moment a huge number use exchanges as a way of earning, new projects release their tokens for their platforms, and a huge number of people keep different tokens on their wallets

Flickkk

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Im gonna answer first your subject. Bitcoin or other crypto can be worthless if you live on a country where the cryptos are forbidden or illegal. You cant use crypto for transaction exchange for goods.

Quote from: catur_072 on March 11, 2019, 07:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

I think it is impossible for bitcoin to fall because of its limited supplies . Maybe if it run out of bitcoin to be mine . It would be the start where bitcoin will have a good value again

mbluxs

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It is possible that crypto will return to their origin where there is no price and value, because indeed Bitcoin currently has value for public trust with a value that will later rise, but maybe also if the market's lost trust will also decrease

yslyv

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bitcoin can be worthless. it is quite possible. there are already much better blockchain based cryptocurrency alternatives with better network sizes, faster transaction speeds. better solutions may eliminate bitcoin.

devinks

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Quote from: Aikidoka on March 20, 2019, 06:49:12 PM

This is a bit hard question, because no one can predict if bitcoin will be worthless or not in the future. My point of view about that is a quite different because I don't think that it will be worthless, I'm sure that his value will grow more and more over the years. This technology will grow up and the majority of the countries around the world will use bitcoin sooner or later, because it's more secure and safe.

but that bitcoin can lose its value while many people who stop using bitcoin will have a bad impact on bitcoin and their career journey. but for the future years bitcoin will definitely continue to grow because in the digital era crypto currencies will be increasingly popular

Gravel Coin (GRV)

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I believe bitcoin gonna be worthless, but still gonna gain value in the long time as a value reserve.

I believe that new applications and new cryptocurrency will show up, inclusive representing real applications on the commodities assets, real state assets and precious metals assets. Bringing more confidence to the market.

New codes gonna show up too with more efficiency applications.

So, what I say is, keep looking up, because everything can change. Doin't be a crypto fanatic.

Akagum

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The price of bitcoin per time doesn't in any way affect its value.
The only way bitcoin can become worthless is when it's supply becomes higher than demand for a long time.
It then means that users are not using bitcoin again .
Then it will become worthless.

BennyK

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

On the real note, currency failure occurs when people begin to lose faith and stop believing in it. It is when the patronage of such coins by investors and traders on the market ceases and because each coin is largely influenced by the principle of supply and demand, lack of demand means no price/value for the coin on the market.
Bitcoin has the largest market cap thus with the largest demand on the market. Before considering Bitcoin becoming worthless, first consider other coins becoming worthless because Bitcoin has become a standard of measure for the value of most of the coins on the market.

Aikidoka

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This is a bit hard question, because no one can predict if bitcoin will be worthless or not in the future. My point of view about that is a quite different because I don't think that it will be worthless, I'm sure that his value will grow more and more over the years. This technology will grow up and the majority of the countries around the world will use bitcoin sooner or later, because it's more secure and safe.

BartS

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

The possibility is there but compared to most currencies around the world bitcoin looks incredibly solid even with the volatility because even if fiat currencies are not experimenting this kind of volatility that is because they are being heavily manipulated and once governments cannot hide the fact anymore that they are bankrupt we will see a volatility that we have not seen in a hundred years and at that time cryptocurrencies will be way more stable than fiat.

malikusama

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Quote from: catur_072 on March 11, 2019, 07:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

With the market cap of approx 71 Billion USD, and daily trading volume of approx 15.9 Billion USD, It's highly unlikely that the demand of bitcoin will going to zero, that's the only possibility when bitcoin become worthless.
Probability of technical failure in a decentralized system is too low that it can be ignored.

yvesp110

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Bitcoin could be worthless if next time bitcoin do not have price and many investor do not interested with bitcoin and altcoin investment, we kee away from like that and hope bitcoin always have value and increase every time.

Exactly it is very important for value of bitcoin to have some market investors because market is alive only because of those who trust crypto currency and invest into it, rise and fall makes things change but gradual price rise is making bitcoin worthy day by day, it made our economy better than before it is not possible to see bitcoin worthless ever.

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